Shelf Drilling, Ltd. (“Shelf Drilling” or the “Company”, OSE: SHLF) announced today that it has secured a one-year contract extension for the Shelf Drilling Tenacious jack-up rig for drilling operations offshore West Africa. The extension will begin in direct continuation of the rig’s current contract, extending the commitment until February 2027. The customer has an option for an additional year thereafter. The total added contract value for the firm term is approximately USD 50 million.

About Shelf Drilling

Shelf Drilling is a leading international shallow water offshore drilling contractor with rig operations across the Middle East, Southeast Asia, India, West Africa, the Mediterranean and the North Sea. Shelf Drilling was founded in 2012 and has established itself as a leader within its industry through its fitfor-purpose strategy and close working relationship with industry leading clients. The Company is incorporated under the laws of the Cayman Islands with corporate headquarters in Dubai, United Arab Emirates. The Company is listed on the Oslo Stock Exchange under the ticker “SHLF”.